When Driving the Nation's Highways Anna Is Known as Something

question 27

Essay

When driving the nation's highways Anna is known as something of a lead foot. The number of miles per hour over the speed limit varies, but has a mean of 7.5 mph and standard deviation of 2 mph. Unfortunately, the state in which she goes to college adjusts the fines so that the amount of the fine is given by the formula: F = 10(MPH) + 112, where F is the amount of the fine, and MPH is the number of miles over the speed limit. Let random variable F be the amount of her fine if she is randomly stopped for speeding.
a) What is the mean of F?
b) What is the standard deviation of F?

Understand the legal implications of pre-incorporation contracts and the process of their ratification by the corporation.

Recognize pre-emptive rights of shareholders and how they protect shareholders’ interests.

Understand the significance of disclosing conflicts of interest in corporate governance.

Grasp the concept and legal significance of the corporate veil and circumstances under which it may be pierced.

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Definitions:

UCC

The Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.

Oral Contract

is an agreement between parties that is spoken and not written down, yet is legally binding, provided it can be proven to exist and meets legal requirements.

Written Memorandum

A document recording the terms of a contract or agreement, not necessarily formalized but intended as a binding outline of intent between parties.

Course of Performance

A term used in contract law referring to the conduct between parties that can help interpret the agreement's terms over time.